Section 3Description of your investment option(s)
UniSteps
Description: With UniSteps, the mix of growth and income assets changes automatically as you get older. UniSteps uses three investment options – Growth, Balanced and Conservative (see next page) – to transition your savings from predominantly growth assets to predominantly income assets over time. Up until age 45, all of your savings are invested in Growth. From then, the percentage of growth assets is reduced gradually as you age by investing your savings in accordance with this table. The investment mix changes on 1 November each year, not on your birthday or the anniversary of the date you joined UniSaver.
Objective: To reduce your allocation to growth assets progressively over time using Growth, Balanced and Conservative as ‘building blocks’.
Age 49 |
Age 54 |
Age 59 |
Age 64 |
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Risk category |
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5 |
4 |
4 |
4 |
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Minimum suggested investment timeframe (years) |
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9 |
7 |
6 |
4 |
Other options
Growth |
Balanced |
Conservative |
Cash |
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Description: Invests predominantly in growth assets with a smaller percentage in income assets. Objective: To provide a long-term (10 years plus) return (1) of 3.75% above inflation. There is a reasonably small risk (2) of a member losing more than 12.5% in any year, with a current likelihood of a negative return of 1 year in every 4. |
Description: Invests in a portfolio balanced between growth and income assets. Objective: To provide a long-term (10 years plus) return (1) of 3.0% above inflation. There is a reasonably small risk (2) of a member losing more than 8% in any year, with a current likelihood of a negative return of 1 year in every 4. |
Description: Invests predominantly in income assets with a smaller percentage in growth assets. Objective: To provide a long-term (10 years plus) return (1) of 2% above inflation. There is a reasonably small risk (2) of a member losing more than 2.5% in any year, with a current likelihood of a negative return of 1 year in every 7. |
Description: Invests fully in New Zealand cash. Objective: To provide a return broadly in line with that of the S&P/NZX Bank Bills 90-Day Index after tax. There is a low risk of experiencing a loss in any one year, however returns may not keep up with inflation. |
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Risk category |
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5 |
4 |
4 |
2 |
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Minimum suggest investment timeframe (years) |
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10 |
7 |
3 |
no minimum |
Target asset allocations may not add to 100% due to rounding.
- After tax and investment expenses.
- Approximately 1 in 20 years.
Responsible investment, including environmental, social, and governance considerations, is taken into account in the investment policies and procedures of the scheme as at the date of this product disclosure statement. You can obtain an explanation of the extent to which responsible investment is taken into account in those policies and procedures at the issuer’s Internet site at unisaver.co.nz/responsible-investment-approach.
We may change the statement of investment policy and objectives [PDF, 119 KB] (SIPO) for the scheme from time to time without notifying you. However, we will notify you of any material changes to the SIPO, and a summary of material changes will also be included in the scheme’s annual report. See the scheme’s register entry at www.disclose-register.companiesoffice.govt.nz [external link] or www.unisaver.co.nz for a copy of the current SIPO.
Further information about the assets in the funds can be found in the fund updates at www.unisaver.co.nz.